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Quantifying the Impact of Red Tape on Investment: A Survey Data Approach
Pellegrino, Bruno; Zheng, Geoffery - 2023
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014377422
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Markups, Taxes, and Rising Inequality
Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022
How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm’s market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...
Persistent link: https://www.econbiz.de/10014244079
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Richer or more Numerous or both? The Role of Population and Economic Growth for Top Income Shares
Krolage, Carla; Peichl, Andreas; Waldenström, Daniel - 2018
When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … growth since 1980 than when keeping top groups fixed. For earlier historical periods, our analysis shows that choice of …
Persistent link: https://www.econbiz.de/10011957201
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Lifetime versus annual tax progressivity: Sweden, 1968-2009
Bengtsson, Niklas; Holmlund, Bertil; Waldenström, Daniel - 2012
This paper analyzes the evolution of tax progressivity in Sweden from both annual and lifetime perspectives. Using a rich micro panel with administrative records of incomes, taxes and benefits over the period 1968-2009, we calculate tax rates across the income distribution accounting for...
Persistent link: https://www.econbiz.de/10010283604
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Trade Openness and Income Inequality : New Empirical Evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10013218286
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Wealth and its Distribution in Germany, 1895-2018
Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...
Persistent link: https://www.econbiz.de/10013289690
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How High Can You Climb? Earnings Inequality and Intragenerational Earnings Mobility in a Developing Country : Evidence from Thai Tax Returns
Muthitacharoen, Athiphat; Burong, Trongwut - 2023
This paper investigates inequality and intragenerational economic mobility in a developing country with large inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance, evidence on intragenerational mobility, especially that...
Persistent link: https://www.econbiz.de/10014262489
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Health Capital Provision and Human Capital Accumulation
Azarnert, Leonid V. - 2020
, private investment in children's health and education and human capital accumulation. I have used a growth model with …
Persistent link: https://www.econbiz.de/10012207881
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Growth and Trade with Frictions: A Structural Estimation Framework
Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011307111
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Cumulative Innovation, Growth and Welfare-Improving Patent Policy
Chor, Davin; Lai, Edwin L.-C. - 2013
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly …
Persistent link: https://www.econbiz.de/10010322995